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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES:        
Total revenues $ 387,763 $ 372,845 $ 788,508 $ 746,292
OPERATING EXPENSES:        
Cost of sales 77,436 79,019 166,618 161,352
Research and development 185,641 175,582 369,232 359,530
Selling, general and administrative 160,754 153,280 322,912 291,616
Intangible asset amortization and contingent consideration 20,286 10,227 40,051 23,429
Gain on sale of intangible assets (15,000) (20,000) (15,000) (20,000)
Total operating expenses 429,117 398,108 883,813 815,927
LOSS FROM OPERATIONS (41,354) (25,263) (95,305) (69,635)
Equity in the loss of BioMarin/Genzyme LLC (44) (107) (229) (39)
Interest income 5,899 5,569 12,197 10,803
Interest expense (6,866) (12,225) (13,593) (23,787)
Other income, net 470 2,849 2,078 2,677
LOSS BEFORE INCOME TAXES (41,895) (29,177) (94,852) (79,981)
Benefit from income taxes (4,460) (12,385) (944) (19,040)
NET LOSS $ (37,435) $ (16,792) $ (93,908) $ (60,941)
Earnings Per Share, Basic and Diluted (in dollars per share) $ (0.21) $ (0.09) $ (0.53) $ (0.35)
Weighted average common shares outstanding, basic (in shares) 179,048 176,873 178,662 176,405
COMPREHENSIVE (LOSS)/INCOME $ (39,790) $ 10,624 $ (81,740) $ (38,523)
Net product revenues        
REVENUES:        
Total revenues 379,075 367,786 773,558 736,885
Royalty and other revenues        
REVENUES:        
Total revenues $ 8,688 $ 5,059 $ 14,950 $ 9,407